Canaccord Genuity Reaffirms Buy Rating on Sierra Wireless (SWIR)

By admin | 6 years ago

Sierra Wireless (NASDAQ: SWIR)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Friday.

Shares of Sierra Wireless opened at 7.43 on Friday. Sierra Wireless has a 52 week low of $6.02 and a 52 week high of $12.37. The company’s market cap is $229.7 million.

Sierra Wireless last announced its earnings results on Thursday, May 3rd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.08. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Sierra Wireless will post $0.18 earnings per share next quarter.

A number of other analysts have also recently weighed in on SWIR. Analysts at Brigantine initiated coverage on shares of Sierra Wireless in a research note to investors on Wednesday, February 22nd. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Sierra Wireless to $8.00 in a research note to investors on Friday, February 10th. Finally, analysts at GMP Securities upgraded shares of Sierra Wireless to a “hold” rating in a research note to investors on Friday, February 10th.

Sierra Wireless, Inc. (Sierra Wireless) provides wireless wide solutions for the mobile computing and machine-to-machine (M2M) and mobile computing markets.

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